Your gift to help a hardworking entrepreneur will double in impact thanks to a generous World Vision partner.
Sophorn is from Cambodia. She has 1 child. She needs a loan of $500 to restock her grocery store.
Sophorn, a mother of one, sells groceries and cosmetics for a living. She also grows rice on a farm to help support her family. Sophorn's main challenge is that she lacks the financial capital she needs to restock her grocery store. As a result, she is unable to meet the needs of her clients and her business is losing its customers.
With a World Vision loan Sophorn will be able to restock her grocery store and meet the demand of her customers. With the additional profits she will be able to pay for her family's expenses, send her children to school, and expand her grocery business. In the future Sophorn would like to own a store in the market as well.
Retail is a quick and scalable way to begin earning a profit. Many entrepreneurs begin with stalls at markets or even at home and need a loan to expand or increase their inventory. Others may be ready to open a small store. Goods purchased from loan funds range from clothing, grocery or sundry items to jewelry, candy, perfume or health and beauty supplies. Loans in the commerce sector account for around 33% of our loans.
There is no community update available at this time.
Thank you for partnering with World Vision Micro to provide Sophorn Kem with a small loan for her grocery business. Sophorn used her loan of $500 to restock her grocery store. She continues to make weekly payments of $6 on time.
With the profits she has earned from her growing business, Sophorn is able to pay for transportation, purchase food for her family and buy supplies in bulk.
Sophorn's child continues to study in school. Thanks to Sophorn’s hard work, she will be able to provide a brighter future for her child.
Thank you for supporting Sophorn's small business through World Vision Micro!
Sophorn Kem has successfully repaid her small business loan. She invested the $500 for her commerce business.
Thanks to the loan that she received, Sophorn was able to use the profits from her business to purchase food for her family, expand her current business and purchase equipment. In the future, Sophorn aspires to earn enough to send her child to school, start a new business and expand her current business.
Sophorn's child continues to study in school. Because she was able to invest in her business, she will be able to invest in her family.
Thank you for investing in the power of hardworking people like Sophorn through World Vision! These funds are now available to help other entrepreneurs in Sophorn’s community.